La La La La. I’m not listening:
“Ireland’s Treasury now has to pay investors a premium of nearly 3 percentage points to get investors to buy its 10-year bonds instead of safer Germany’s. This so-called “risk premium” stood at around 2.4 percentage points a week ago.”
“In the derivatives market, it now costs over $270,000 a year to insure $10 million of Ireland’s government debt against the risk of default, compared with $207,000 in early August, a massive 30% jump.”
“The Emerald Isle also had to throw investors a bone: The average interest rate on Ireland’s six-month borrowing today was 2.458% compared with 1.367% on a similar bill in July.”
What’s Up In Ireland? (WSJ.com)
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